§ Sir WILLIAM BULLasked the Chancellor of the Exchequer if he will state under what sections of the Income Tax Acts foreigners residing abroad have hitherto obtained a refund of tax deducted from foreign coupons of Government loans and from the dividends of Colonial and foreign companies from which coupons and dividends English income tax has been deducted when they were cashed in England?
§ Mr. LLOYD-GEORGEThe dividends of Colonial and foreign companies conducting their business abroad do not come within the purview of the British income tax, except to the extent that they are 1617W received by residents in the United Kingdom. The relief accorded to foreigners residing abroad in respect of coupons of foreign Government loans cashed here is based upon an administrative concession dating as far back as the re-imposition of the income tax in 1842.